Broker's Calls
925 Brokers' Digest
Genting Singapore
Price targets:
76 cents ADD (CGS-CIMB Research)
84 cents BUY (Maybank Kim Eng Research)
Broker's Calls
Genting Singapore forecasts slashed following negative profit guidance: CGS-CIMB
SINGAPORE (Mar 18): CGS-CIMB Research is slashing its forecasts for Genting Singapore (GENS), after the integrated resort and casino operator issued a profit guidance to warn that its financial res
CoVid-19
Genting Singapore braces for significant adverse impact to earnings; managerial staff, directors to take up to 18% pay cut
SINGAPORE (Mar 17): Integrated resort and casino operator Genting Singapore has warned that the group expects its financial results to be “significantly and adversely impacted” by the coronavirus o
Investing ideas
Low prices, possible turnaround mean Genting Singapore investors could soon hit the jackpot
SINGAPORE (Feb 14): Since the onset of the Covid-19 virus, Genting Singapore’s (GENS) share price has fallen some 6.9% as investors feared the worst for the hospitality and entertainment sector.
Broker's Calls
Genting Singapore takes a hit from coronavirus outbreak, but the tables could soon turn
SINGAPORE (Feb 11): Genting Singapore (GENS) appears to be one of the companies badly hit by the outbreak of the novel coronavirus (2019-nCoV). Since Jan 20, the counter has plunged 9.5%.
Global Economy
Briefs
Quoteworthy: "You've waited 20 years, extending six months doesn't actually matter." — Malaysia's Anwar Ibrahim, on waiting beyond the initially agreed May deadline to ta
Corporate moves
Genting Singapore will not tap shareholders for Japan IR bid
SINGAPORE (Feb 4): Genting Singapore has won overwhelming approval from shareholders to spend up to US$10 billion to invest in a possible new project in Japan.
Results
Genting Singapore posts 24% drop in 3Q earnings to $159 mil on lower gaming revenue
SINGAPORE (Nov 7): Genting Singapore (GENS) reported earnings of $158.9 million for 3Q19 ended September, some 24% lower than $210.4 million a year ago.
Investing ideas
Which REIT will benefit from the transformation of Greater Southern Waterfront?
SINGAPORE (Aug 20): Singapore is pushing up its plans to transform the Greater Southern Waterfront (GSW) into the next trendy place to live, work and play.
Corporate moves
Genting Singapore independent director Koh sells all his shares — as is his usual practice
SINGAPORE (May 20): Genting Singapore independent director Koh Seow Chuan has been a board member since 2008.
